10X Research's latest report shows that there have been significant changes in trading activity since Trump's election. With seven weeks to go until the inauguration, early appointments have already indicated a major shift toward a cryptocurrency-friendly U.S. government. This trend is expected to continue and may expand trading opportunities. Governments in other countries, especially the South Korean government, have also taken a more favorable stance towards cryptocurrencies. As the U.S. leads in establishing cryptocurrency regulations or easing regulations, a wave of increased cryptocurrency friendliness globally is expected to follow. Alpha tokens among smaller cryptocurrencies may continue to grow. In the past 24 hours, the South Korean cryptocurrency market saw a surge in retail trading volume to $18 billion, marking the second-highest level this year, exceeding the local stock market's trading volume of $14 billion. XRP led with a trading volume of $6.3 billion, followed by DOGE ($1.6 billion), XLM ($1.3 billion), ENS ($900 million), HBAR ($800 million), and SHIB ($600 million). These high-momentum cryptocurrencies are primarily driven by retail traders, leveraging and reinforcing the momentum-driven trend. Bitcoin's funding rate is relatively moderate, annualized at 15%, while retail trading volume in South Korea has surged to between $18 billion, showing the largest divergence. It is clear that the action is in the altcoin market, and everyone needs to have a strategy to ride these waves while maintaining discipline. Currently, altcoins are the market focus.

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